Eager and able: a study of innovation activity among young, mature and old firms in Norway

Pål Børing (), Arne Fevolden and Sverre Herstad ()
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Pål Børing: Nordic Institute for Studies in Innovation, Research and Education (NIFU)
Sverre Herstad: Lillehammer University College, Faculty of Economics and Organizational Sciences
Authors registered in the RePEc Author Service: Pål Børing ()

Economics Bulletin, 2016, vol. 36, issue 1, 291-297

Abstract: This article investigates how age is related to innovation activity and innovation outcomes among firms in the Norwegian manufacturing and knowledge-intensive business services (KIBS) sectors. It aims to shed new light on two questions: (i) are young firms or old firms the most prolific innovators and (ii) are young firms more eager to innovate, while old firms are more able to innovate. It makes use of Community Innovation Survey (CIS) data and explores the two questions using probit model regression techniques. The article concludes that firms are at their most prolific state when they are neither young nor old – but mature. At this stage in their life cycle, firms are both eager and able to introduce innovations.

Keywords: firm age; innovation; product and process; manufacturing; KIBS (search for similar items in EconPapers)
JEL-codes: L6 O3 (search for similar items in EconPapers)
Date: 2016-03-17
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Citations: View citations in EconPapers (1)

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